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Showing 631 - 640 of 808 results for "Corporations Act"

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
... ensure they are fair and equitable across the industry," said the PJC report. Meanwhile, the PJC recommended the Corporations Act be amended to include a fiduciary duty for financial advisers and payments from financial product manufacturers to advisers ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
... whereby advisers can provide advice not in their clients' best interests, yet comply with section 945A of the Corporations Act. A legislative fiduciary duty would address this deficiency," noted the Report. The recommendation is so significant that one ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
... for investment products available to retail investors must comply with a general licensee obligation under the Corporations Act to have a dispute resolution system in place. The system must include an internal dispute resolution procedure and membership ...

CEOs pay steady despite GFC

COMPANY RELEASE  |  TUESDAY, 29 SEP 2009
... bonuses - it appears easier for a CEO to get fired than to receive no bonus," comments Ann. "Additionally the Corporations Act required companies to provide a detailed summary of performance conditions for senior executive pay but most companies provided ...

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
... not registered. ASIC found that despite being put on notice in May 2005 that the scheme was contravening the Corporations Act 2001 (Corporations Act), West continued to operate the scheme. ASIC also found that West intended to circumvent a restraining ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
... potential claim for compensation due to an alleged contravention of the managed investment provisions of the Corporations Act (the Act) by Opes Prime and alleged involvement in the contravention by ANZ and Merrill Lynch. The second potential claim was ...

ASIC bans Firepower adviser

ASIC RELEASE  |  FRIDAY, 10 JUL 2009
... Firepower Investments and Sattvic. ASIC alleges these companies raised funds from local investors in breach of the Corporations Act. The regulator claims a prospectus or product disclosure statement was not provided to investors which is required under ...

AFA renews call to restrict 'financial adviser' term

PRESS RELEASE  |  FRIDAY, 3 JUL 2009
... restricted to those who are regulated by the Australian Securities and Investment Commission (ASIC) and abide by the Corporations Act. "There should be transparency around the term and anyone using it should be subject to the same scrutiny and have to ...

City Pacific still in RE bind

COMPANY RELEASE  |  WEDNESDAY, 1 JUL 2009
BalmainTRILOGY has lodged a notice with ASIC under the Corporations Act requiring the regulator to register Trilogy as the new responsible entity of the City Pacific First Mortgage Fund. Before the unitholders meeting last Thursday (June 25), City Pacific ...

Broker gets permanent ban from ASIC

COMPANY RELEASE  |  THURSDAY, 25 JUN 2009
... Financial Services Licence. "ASIC will not hesitate to ban individuals who disregard their obligations under the Corporations Act 2001. The permanent banning of Mr Clough will protect the community and ensure continuing public confidence in the financial ...